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During the 1950s, Herbert Simon, an economist, offered the concept of bounded rationality

During the 1950s, Herbert Simon, an economist, offered the concept of bounded rationality

During the 1950s, Herbert Simon, an economist, offered the concept of bounded rationality, whichsuggests that the ability of managers to be completely rational in making decisions is limited bycertain factors. Therefore, the use of bounded rationality leads to

[A]A satisficing decision


[B]A long and drawn-out decision-making process


[C]A very poor decision


[D]A very high number of alternatives from which to choose

Liam Smith 13-Dec-2017

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